Fellazo Inc. Prices $50M SPAC IPO

Fellazo Inc. (FLLCU), announced the pricing of their $50 million SPAC IPO late yesterday evening.  Fellazo’s units are expected to begin trading today, July 25th, under the symbol Nasdaq: FLLCU.

TPG Pace Holdings Files to Extend to December 31st

TPG Pace Holdings (TPGH), in a somewhat early move, filed a preliminary proxy this morning for an new extension vote to move their deadline from September 30, 2019 to December 31, 2019. 

Monday Evening Update: CIC, IPOA, SBE.U

Monday evenings are typically heavy on filings, so in the interest of time, a short summary of the most important news has been provided below.

CAPITAL INVESTMENT CORP. IV

Capitol Investment Corp IV, which recently closed their transaction with Nesco, filed some additional documentation this morning. 

Silver Spike Acquisition Corp. Files $250 Million Cannabis SPAC

On Friday evening, Silver Spike Acquisition Corp. (SSPKU), filed for a $250 million IPO focused on the Cannabis sector. Scott Gordon, who is the founder and Chief Executive Officer of Silver Spike Capital, a newly formed investment platform dedicated to the cannabis industry, will be leading Silver Spike (the SPAC) as CEO and Chairman.

Black Ridge (BRAC) Gets a Third $5M Backstop

As expected, Black Ridge Acquisition Corp. (BRAC), is still busy rounding up backstops ahead of the closing of their business combination with Allied Esports.  To that end, BRAC announced this morning that they have entered into a Share Purchase Agreement for another $5 million. 

Capitol Investment Corp. IV (CIC) Releases Shareholder Vote Info

This morning, Capitol Investment Corp. IV (CIC), released the details of their shareholder vote to approve their combination with Nesco Holdings. However, once again, no details on redemption counts, or at what price, were provided. 

Rolling Thunder…Thunder Bridge Acquisition II Debuts $300 Million SPAC

If the closing of the first Thunder Bridge was the crack of lightning, tonight we got the thunder… Earlier this evening, we had the debut of Thunder Bridge Acquisition II, Ltd.

Conyers Park II Prices $400M SPAC IPO

Conyers Park II Acquisition Corp. (CPAAU), announced the pricing of their $400 million SPAC IPO this evening. Conyers Park II’s units are expected to begin trading Thursday, July 18th, under the symbol NASDAQ: CPAAU.

Oaktree Acquisition Corp. Prices $175M IPO

Oaktree Acquisition Corp. (OAC.U), announced the pricing of their $175 million SPAC IPO this evening. Oaktree’s units are expected to begin trading Thursday, July 18th, under the symbol NYSE: OAC.U.

Oaktree will focus on the industrial and consumer sectors and will be led by John Frank, as Chairman, and Patrick McCaney, as CEO and Director.

Black Ridge Acquisition Corp. to Adjourn July 22nd Vote

Black Ridge Acquisition Corp. (BRAC) just announced they are postponing their shareholder vote date.  The original meeting date was scheduled for June 28th, but was then moved to July 22nd, after their one-month extension vote was held on July 9th.

UPDATE: Chardan Healthcare to Combine with BiomX Ltd.

UPDATE:  After having a chance to go through the documents that were filed this morning, additional information has been included below in blue.  This appears to be a highly negotiated transaction given the number of stipulated conditions and requirements. 

Clairvest Files Suit to Block TPG Pace Holdings Merger

Last night, in the ongoing drama between Accel Entertainment and their minority shareholder, Clairvest, Clairvest put out a press release stating that they have filed a lawsuit to block Accel Entertainment’s merger with TPG Pace Holdings (TPGH).

Chardan Healthcare Acquisition Corp. to Combine with BiomX Ltd.

Chardan Healthcare Acquisition Corp. (CHAC) announced this evening that it has entered into a business combination  agreement with BiomX Ltd. (“BiomX”). BiomX is a preclinical stage microbiome company developing both natural and engineered phage cocktails designed to target and destroy bacteria that affect the appearance of skin, as well as harmful bacteria in chronic diseases, such as IBD, PSC, and cancer.

Fellazo Inc. Re-Files and Changes Terms

Today, Fellazo Inc. (FLLCU) refiled their prospectus and changed the terms of their IPO. Notably, they have now added a right (1/10) and changed their previous FULL warrant to one warrant for 1/2 share. 

NetFin Acquisition Corp. Files for a $220M IPO

Well this is a pleasant surprise.  We had yet another new SPAC file to IPO last night, but this one has a FULL warrant.

Bucking the trend of half, third and even quarter warrants, NetFin Acquisition Corp.

Capitol Investment Corp. IV (CIC) & Nesco Amend Merger Agreement

Capitol Investment Corp. IV (CIC) and Nesco filed a prospectus supplement this morning revealing a newly amended merger agreement reducing the consideration to be issued to Nesco and canceling an additional number of the Sponsor’s founder shares.

SC Health Corporation Prices $150M IPO

SC Health Corporation (SCPE.U), announced the pricing of their $150 million SPAC IPO this evening. SC Health’s units are expected to begin trading Friday, July 12th, under the symbol NYSE: SCPE.U.

Tuscan Holdings Corp. II Prices Upsized $150M IPO

Tuscan Holdings Corp. II (THCAU), announced the pricing of their surprise upsized $150 million SPAC IPO this evening.  Tuscan II’s units are expected to begin trading Friday, July 12th, under the symbol Nasdaq: THCAU.

Pivotal Investment Corp. II Prices $200M IPO

Pivotal Investment Corporation II (PIC.U), announced the pricing of their $200 million SPAC IPO this evening.  Pivotal II’s units are expected to begin trading Friday, July 12th, under the symbol NYSE: PIC.U.

Thunder Bridge (TBRG) Announces Approval of Combination

This afternoon, Thunder Bridge Acquisition Corp. (TBRG), announced the approval of their business combination with Repay Holdings. and the results of their shareholder vote.

Unfortunately, all we have so far are the vote counts, but hopefully we will be given additional information on the number of redemptions and the actual redemption price in a forthcoming press release or new filing.